NDAQ:EXFO - Post Discussion
Post by
Possibleidiot01 on Aug 06, 2021 9:41am
Glass Lewis recommendation
Somebody has noticed " The its' my party ( company) and i 'll do what I want to " approach has a few issues .
Contrast this to the prior recommendation , ISS, for the deal that had no details. Glass Lewis has done a good job .
"
- [W]e see no reason for minority investors to functionally reward Mr. Lamonde's seemingly indifferent approach to privatization…EXFO shareholders should ask themselves if Mr. Lamonde isn't a seller of shares at $8.00, why should they approve his buying of shares at $6.00."; and
- The US$6.00 per share value of Mr. Lamonde's going-private transaction clearly lags EXFO's marketed control value, and "scarcely seem
to align with the formal valuation and fairness opinion provided by TD Securities"
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